Zcash ZEC/USD is trading at the level of 301. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test is near the level 315, from which we expect a rebound and an attempt to continue the fall with a goal below the level of 190. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Zcash forecast & analysis ZEC/USD on…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Bitcoin Cash BCH/USD is trading at 886. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 1000, from which it is expected to attempt a rebound and continue the fall for a target near 550. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the channel, as well as the resistance level test. Bitcoin Cash forecast & analysis on February 7, 2018 Earlier, a strong…
NEM XEM/USD is trading at 0.47. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEM. The test area of Ichimoku Kinko Hyo signal lines near the 0.50 level is expected, from which it is expected to rebound and attempt to continue falling with the target close to 0.20. An additional signal in favor of the fall is the resistance level test. NEM forecast & analysis XEM/USD on February 7, 2018 Earlier, a medium strength signal was received for sell of NEM cryptocurrency, due to the crossing of signal lines…
Litecoin LTC/USD are traded at level 100 and continue to move within a bearish trend. At this point, we should expect a test of the resistance level near 125. Again, we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below 55. In favor of the drop in LTC/USD quotations, a resistance line test will be performed on the relative strength index (RSI). Litecoin forecast & technical analysis February 7, 2018 The abolition of the fall option will be a strong growth and breakdown of the 165 area, which will indicate the breakdown…
Ripple XRP/USD are traded at 0.61 and continue to move in a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 0.75 and continue falling to the area below the level of 0.40. In favor of falling quotations XRP/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the descending channel. Ripple forecast & technical analysis February 7, 2018 Cancellation of the reduction option will be a breakdown at the level of 0.85, which will indicate the breakdown…
Ethereum ETH/USD are traded at 612 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near the area of 740. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 350. In favor of falling quotations, ETH/USD will test the resistance line on the relative strength index (RSI), as well as the upper boundary channel test. Ethereum forecast & technical analysis February 7, 2018 The reversal of the fall option will be a strong growth and breakdown at the level of 840,…
Bitcoin BTC/USD are traded at 6439 and continue to move in a bearish trend. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the level of 7650. Again, we should expect a rebound and an attempt to continue falling Bitcoin with a target below 4700. Bitcoin forecast & technical analysis February 7, 2018 In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the Bitcoin reduction option will be a strong growth and breakdown of the 8200 area, which…
Brent crude oil is trading at $ 67.41 per barrel. Brent oil is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Oil. The test area of Ichimoku Kinko Hyo signal lines near the level of 67.95 is expected, from which it is expected to attempt a rebound and continue the development of a bearish trend with a view to falling near the level of 65.70 dollars per barrel. An additional signal in favor of the fall of the pair is the resistance level test. Analysis & forecast Brent Oil on…
GOLD is trading at 1339. XAU/USD is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in gold. Ichimoku Kinko Hyo Cloud near the 1340 level is expected to be tested near the level of 1340, from which it is expected to rebound and continue the development of a bearish trend in GOLD with a target to falling near the level of 1315. In favor of the fall, the formation of the «Head and Shoulders» reversal pattern is in the making. GOLD prices forecast XAU/USD on February 7, 2018 Previously, a strong signal was…
Currency pair USD/JPY US Dollar to Japanese Yen is trading at 109.26. The pair is trading inside the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for the Dollar/Yen pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 109.75 level, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 107.75. Japanese Yen forecast USD/JPY on February 7, 2018 Earlier, a medium strength signal was received for the sell of the Dollar/Yen pair, by crossing the…